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Feb 11, 2013
02/13
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cleveland with akron-based first energy's ceo. liz? liz: how about this, 6 million customers in three of what would be the hardest hit states, new jersey, maryland, pennsylvania, tony alexander is the ceo and president of first energy in a fox business exclusive. let's get right to it, tony. how did you do in the storm? >> we're talking about the storm that just hit this weekend? well, we did okay. we got about a foot of snow, primarily in new jersey and western pennsylvania. but the system held together well. we got most customers back on relatively quickly. so we were prepared. we had a lot of people on the ground. and most of the damage was focused much more into the northeast. liz: to the point where you started offering some of your workers to help other utility companies; right? >> well, that is one of the great advantages of the utility industry where we truly do help each other in the middle of a storm like this. because you need those resources, because you're really rebuilding an area, typically, when a major storm comes
cleveland with akron-based first energy's ceo. liz? liz: how about this, 6 million customers in three of what would be the hardest hit states, new jersey, maryland, pennsylvania, tony alexander is the ceo and president of first energy in a fox business exclusive. let's get right to it, tony. how did you do in the storm? >> we're talking about the storm that just hit this weekend? well, we did okay. we got about a foot of snow, primarily in new jersey and western pennsylvania. but the...
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Feb 13, 2013
02/13
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what do we make of this energy market? >> i tell you, it's probably the most difficult thing to trade. equities are difficult. liz: right about now. >> i have to agree with both of them about running and esteem. licking and $98 the crude market. get back to like i talked a lot, slow grind. the market is getting tired. somewhere around there. some news. you can sit down and talk. but in the back of everyone's mind, if you look at the cracks -- liz: i'm sorry, what news? let our viewers know because i don't assume everyone knows what happened. >> i heard there was a little bearish news that they would sit down and talk, you know, have talks going forward about their nuclear programs. if they're going to sit down and talk about it that was something that cannot laden the date. we heard all of this type of stuff. i wouldn't put much credence into. but i would is the product price . place it above the crude. it is still over $30 per barrel. higher. $30. so i don't see as collapsing and falling apart. i think we see a pullback.
what do we make of this energy market? >> i tell you, it's probably the most difficult thing to trade. equities are difficult. liz: right about now. >> i have to agree with both of them about running and esteem. licking and $98 the crude market. get back to like i talked a lot, slow grind. the market is getting tired. somewhere around there. some news. you can sit down and talk. but in the back of everyone's mind, if you look at the cracks -- liz: i'm sorry, what news? let our...
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Feb 19, 2013
02/13
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>> energy's been one of the favorites for a long time, there's areas we want to put energies into, putting options into, and the energy sector has been one of the top performing groups, and because, quite frankly, the refiners, stocks like valero, and the marathon oil there, so they put on a great show, and i think if you believe the world economy's improving, that's another area to continue to improve from the equity's side as well. liz: do you believe that, ben? do you believe the economy's improving? >> i do. liz: slightly; right? i don't know why -- i'm not putting on a cheer leading skirt -- >> please, please do. >> it's improving if you're a refiner, right about that. liz: leave it to elliot to get off the cheer leading skirt -- >> killing it, killing it. liz: exactly. ignore this world economy, great conversation, thank you so much. our one and only floor, under the weather, hmos like humana and united health with a great deal of exposure to medicare rates. here's why. rates could go down next year based on what's being said by the center for medicare and medicaid services. peter ba
>> energy's been one of the favorites for a long time, there's areas we want to put energies into, putting options into, and the energy sector has been one of the top performing groups, and because, quite frankly, the refiners, stocks like valero, and the marathon oil there, so they put on a great show, and i think if you believe the world economy's improving, that's another area to continue to improve from the equity's side as well. liz: do you believe that, ben? do you believe the...
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Feb 18, 2013
02/13
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i also like energy. i have been long energy. by the way i think even though the economy is heading for a train wreck, precisely because the economy is built on trillion dollars deficits, 6 trillion dollars worth by the way since the great recession began in december of 07. it's built on massive deficits as i just said and 0% interest rates since 2008. what do we have to show for that? an almost 8% unemployment rate. you can correct me by saying 7.9 and get me back if you want to. liz: i will pull an eric belcher. >> you see we have negative gdp -- what is that getting us? liz: let's go with gold then. where you long gold? >> gold stocks are down -- look at the gdx down 40% in the last 18 months. we have a significant position about 15% in portfolio strategies. listen, if you had 85 billion dollars worth per month of fed debt montization you have to own some gold. you have to. once we hit 3 1/2% on the 10 year, that's going to stall this already fragile economy. then bernanke has a decision to make. is he going to sit on his hand
i also like energy. i have been long energy. by the way i think even though the economy is heading for a train wreck, precisely because the economy is built on trillion dollars deficits, 6 trillion dollars worth by the way since the great recession began in december of 07. it's built on massive deficits as i just said and 0% interest rates since 2008. what do we have to show for that? an almost 8% unemployment rate. you can correct me by saying 7.9 and get me back if you want to. liz: i will...
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Feb 14, 2013
02/13
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mixed expectations, energy commodity prices and cost -- has this been a drag on the business and how long do you continue to expect this will be a drag? >> recycling natural gas, it has been a drag on us for about 12 months. we expect to see a slight drag from that in 2013. we will make up by having great cost control, pricing programs, and driving the free cash flow. when you talk about waste management, the person you think about is the generation of free cash. we are going to go up by 33 up to 45% and generate 1.1 of $2.2 billion. liz: watch out. one but it is looking. he loves free cash. [laughter] >> certainly our shareholders are getting that free cash flow. liz: green star, your company recently announced, you are in the recycling business for real. tell us about that. i put my basket and thins out every wednesday and thursday. i do the mixing and all of that. is america really getting into recycling? and when you get to see some opportunity there for making a lot of money for the bottom line? >> absolutely. we are the largest recycler in north america. one of the largest in t
mixed expectations, energy commodity prices and cost -- has this been a drag on the business and how long do you continue to expect this will be a drag? >> recycling natural gas, it has been a drag on us for about 12 months. we expect to see a slight drag from that in 2013. we will make up by having great cost control, pricing programs, and driving the free cash flow. when you talk about waste management, the person you think about is the generation of free cash. we are going to go up by...
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Feb 15, 2013
02/13
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. >> the recycling commodity prices and natural gas that drive electricity prices at wasted energy plant have been a drag on us now for about 12 months. we expect to see a slight drag from that in 2013, but we'll make up for that by having great cost controls, pricing programs, and driving that free cash flow. liz: what a week. by the way, hienz stock, and warren buffet and 3g at 72.50 a share is at 72.25 a share. trading just slightly lower for hins, but he's the ketchup man. closing bell ringing in about 29 minutes. what a wall street debut, shares of zoom, with an x, what has investors lathered up? the business model of money transferring over the internet for something more? zoom's ceo is in studio with us next. ♪ [ male announcer ] i've seen incredib things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ ♪ >> i'm lauren simon
. >> the recycling commodity prices and natural gas that drive electricity prices at wasted energy plant have been a drag on us now for about 12 months. we expect to see a slight drag from that in 2013, but we'll make up for that by having great cost controls, pricing programs, and driving that free cash flow. liz: what a week. by the way, hienz stock, and warren buffet and 3g at 72.50 a share is at 72.25 a share. trading just slightly lower for hins, but he's the ketchup man. closing...